Loan Against Property By State Bank of India


Rent Plus scheme provides loans against assignment of future rentals to the residential or commercial property owners to meet their liquidity mis-match.

Eligibility For Loan Against Property By State Bank of India

Owners of residential buildings and commercial properties which are to be rented or already rented to MNCs / Banks / large & medium size Corporate.

Loan Amount

Lowest of :

  • 75% of realisable value of the property mortgage (as per latest valuation report of the Bank's approved valuer).
  • Maximum permissible under the Scheme.
  • 75% of [total rent receivable for the residual lease period or loan period, whichever is lower minus total of advance deposit, estimated amount of property tax, service tax, TDS and other statutory dues for the period].

The Minimum and Maximum permissible under the Scheme:

Min: Rs 50,000/-


In Metros Rs 7.50 Crores
In Non-Metro Rs 5.00 Crores


  • Properties located in Metro/Urban/Semi-Urban/Rural areas.
  • Plan approval and other related permission for the property from appropriate authority need to be in place.


(a)The residential buildings/commercial properties which are to be rented or already rented to MNCs / Banks / Large & Medium size Corporates. The Network GM is vested with the discretion to consider cases of other types of lessees

(b)However, the properties should not be or have been leased to Schools, Colleges, Orphanages, Hospitals, Old Age Homes, Nursing Home or any other Social Sector Infrastructure.

All the property should be SARFAESI compliant


25% of the loan amount

Nature of Facility

Term Loan


Repayment Period:

  • Maximum of 10 years or residual lease period whichever is lower.
  • Calculate the EMI and advice the customer about the same depending on the tenure they want

Repayment Mode:

  • Post Dated Cheques for the Repayment period given.
  • ECS (To Check & then include in content)
  • SI from the borrower's a/c with our Bank

Processing Fee

2.02% of loan amount. Maximum amount Rs. 1,01,865/- to be paid upfront as processing charges. The charges of the valuation of property are to be borne by the applicant



State Bank of India (SBI), with a 200 year history, is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The Government of India is the single largest shareholder of this Fortune 500 entity with 61.58% ownership. SBI is ranked 60th in the list of Top 1000 Banks in the world by "The Banker" in July 2012.

The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India and SBI was created by an act of Parliament to succeed the Imperial Bank of India.

The SBI group consists of SBI and five associate banks. The group has an extensive network, with over 20000 plus branches in India and another 173 offices in 34 countries across the world. As of 31st March 2012, the group had assets worth USD 359 billion, deposits of USD 278 billion and capital & reserves in excess of USD 20.88 billion. The group commands over 22% share of the domestic Indian banking market.

SBI's non- banking subsidiaries/joint ventures are market leaders in their respective areas and provide wide ranging services, which include life insurance, merchant banking, mutual funds, credit cards, factoring services, security trading and primary dealership, making the SBI Group a truly large financial supermarket and India's financial icon. SBI has arrangements with over 1500 various international / local banks to exchange financial messages through SWIFT in all business centres of the world to facilitate trade related banking business, reinforced by dedicated and highly skilled teams of professionals.

Loan Against property lets you unlock the full potential of your property, and use it to build a bigger life for yourself. Whether your property is residential, industrial or commercial, a loan against property will ensure maximum finance, taking care of your unique needs as either a salaried or self-employed individual. At My Loan Partner, we help to unlock the wealth in our client's real estate assets.

Your loan application is now a very simple process as never before and we will get your loan approved asap.

We have multiple options of financial institutions to provide various types of financial services to our esteemed customers at their doorsteps at competitive rates.

We are thus providing a list of documents which are required from your side to get your loan approved from the respective banks and financial institutions.

List of documents for Salaried persons
. Proof of Identity:- Passport/Driving Licence/Voters ID/PAN Card(any one).
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Latest 3 months Bank Statement(where salary/income is credited).
. Salary slips for last 3 months.
. 2 Passport Size Photographs.

List of documents for Self-Employed
. KYC Documents:- Proof of Identity;Address proof;DOB proof.
. Proof of Residence:- Leave and License Agreement/Utility Bill(not more than 3 months old)/Passport(any one).
. Income proof(audited financials for the last two years).
. Latest 6 months Bank statement.
. Office address proof.
. Proof of residence or office ownership.
. Proof of continuity of business.

Interested? Please leave your details and we will contact you soon